Somewhat Positive News Coverage Somewhat Unlikely to Affect Anadarko Petroleum (NYSE:APC) Share Price
News coverage about Anadarko Petroleum (NYSE:APC) has been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Anadarko Petroleum earned a news impact score of 0.20 on Accern’s scale. Accern also assigned news articles about the oil and gas development company an impact score of 47.0314574703753 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Morgan Stanley Increases Anadarko Petroleum (APC) Price Target to $66.00 (americanbankingnews.com)
- OSHA cites Anadarko, 3 other companies, in fatal 2017 storage tank explosion in Mead (finance.yahoo.com)
- Anadarko Petroleum (APC) vs. Pacific Coast Oil Trust (ROYT) Financial Survey (americanbankingnews.com)
- Anadarko Petroleum Co. (APC) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- 2 Stocks to Track: Patterson-UTI Energy Inc. (NASDAQ:PTEN), Anadarko Petroleum Corporation (NYSE:APC) – The Oracle Examiner (oracleexaminer.com)
A number of equities research analysts have recently issued reports on APC shares. Scotiabank set a $62.00 target price on shares of Anadarko Petroleum and gave the company a “buy” rating in a report on Saturday, November 25th. Royal Bank of Canada set a $63.00 target price on shares of Anadarko Petroleum and gave the company a “buy” rating in a report on Wednesday, December 20th. Piper Jaffray Companies began coverage on shares of Anadarko Petroleum in a research note on Thursday, December 21st. They issued an “overweight” rating and a $56.00 price target on the stock. Barclays upped their price target on shares of Anadarko Petroleum from $39.00 to $42.00 and gave the company an “underweight” rating in a research note on Thursday, December 21st. Finally, Morgan Stanley upped their price target on shares of Anadarko Petroleum from $55.00 to $66.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $66.48.
Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings data on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.21). The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.52 billion. Anadarko Petroleum had a negative net margin of 17.13% and a negative return on equity of 9.82%. The firm’s quarterly revenue was up 31.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.89) earnings per share. equities analysts predict that Anadarko Petroleum will post -2.15 EPS for the current fiscal year.
About Anadarko Petroleum
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.
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